City Council Minutes 1990 04 17 - Laserfiche WebLink

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Sackett moved and Carnival seconded that the minutes of the March 20, 1990 meeting be amended to include the statement that was made by him about the possible conflict of interest on the revenue bonds. Correction is as follows: March 20, 1990 Council Meeting Ordinance #1021, 1022 and 1023 Sackett: Asked if these bonds have any effect on any of the banks in town? Falacienski I believe the bonds are held by some of the local banks, First National of Louisville, First of Boulder and some other banks in the area. Sackett: Will the change in rates effect any of the lease rates associated with any of the properties? I'm the president of Avista hospital as a lease with Chuck Bellock for Louisville Therapy Clinic and does it effect that relationship and do I need to declare that? Falacienski: I donut know the answer to that question, none of the documents that are before the city tonight have anything to do with the lease rates underly- ing the bonds. Sackett: Asked the city attorney to advise him between now and the final decision as to whether or not there is a conflict of interest. I am on the advisory committee for the bank, strictly as an advisory roll. I am not sure what the impact is on the bank in this regard. I need to know if I should vote on this next time. Hornbostel stated there was a matter that was brought before council at our executive session the last time and I would like to make a statement about that. Before I was sworn into office and after Mr. Stahl had resigned I tried to find out why Mr. Stahl was given a large severance pay and if it was illegal. I soon found out that the information was extremely difficult to obtain. As a citizen it was very hard to access this information from the city. In an effort to look into this issue by the book I went to Mr. Joss, Prosecuting Attorney, to see if there was any ethics violation. He found no violation of the ethics law but 12